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MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 87

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Programming language that allows you to create macros


Definitions:

Tangency

The point at which two curves meet without intersecting, often used in economics to denote the point of optimal allocation of resources.

Output

The total amount of goods or services produced by a firm or economy over a specific period.

Isoquant

A curve in economic theory that represents all the combinations of inputs which produce the same level of output.

Isoquant

A curve that represents all the combinations of inputs that result in the production of a certain level of output.

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